BMO Capital analyst Tim Long says that Nimble's entry into the All Flash Array market is "a game changer" for the company, and he expects the company's "early success" in that market to continue. The analyst is gaining confidence in the company's fundamentals after it reported results he calls "solid.". He raised his price target on the shares to $13 from $10 and keeps an Outperform rating on the stock.

08/24/16

JPMS

08/24/16NO CHANGETarget $9.5JPMSNeutral

Nimble Storage momentum in Flash picking up, says JPMorgan

JPMorgan analyst Rod Hall said that the momentum in Nimble Storage's Flash business and international operations has picked up, but noted that the company's operating margin guidance came in a bit below his estimate. Hall raised his price target on Nimble shares to $9.50 from $8.00 following the company's earnings report, but keeps a Neutral rating on shares, saying he'd like to see a clear road to profitability before getting more constructive.

09/01/16

PACS

09/01/16NO CHANGEPACS

Nimble Storage seeing larger deals, says Pacific Crest

After meeting with Nimble's CFO, Pacific Crest analyst Alex Kurtz says that the company is " driving larger deals into the pipeline with the newly launched All Flash Array platforms." He says that these larger deals were probably not baked into its guidance. The analyst keeps a Sector Weight rating on the shares.

Wells Fargo analyst Maynard Um upgraded Nimble Storage to Outperform saying the risk/reward is favorable at current valuation levels. A "strong pipeline" for Nimble's all-flash array should drive revenue acceleration in FY18 and multiple expansion, Um tells investors in a research note. The analyst raised his price target range for the shares to $10-$11 from $9-$10.